Short answer
Wells Fargo & Co (WFC) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $83.7B (+1.7% year over year) and net income of $21.3B.
- Top risk flagged: Asset cap from Federal Reserve still in effect, restricting balance sheet growth despite total assets reaching $2.15T in 2025
FY2025 key financial metrics · XBRL
- Revenue
- $83.7B
- +1.7% YoY
- Net income
- $21.3B
- +8.2% YoY
- EPS (diluted)
- $6.26
- +16.6% YoY
- ROE
- 11.8%
- +0.8 pp YoY
- Operating cash flow
- −$19.0B
- −726.1% YoY
Source: XBRL data from the Wells Fargo & Co (WFC) FY2025 10-K on SEC EDGAR. USD.
Wells Fargo & Co FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Fourth-largest U.S. bank by assets; $2.1T total assets, $986.2B loans, $1.4T deposits, $181.1B stockholders' equity at year-end 2025
- FRB asset cap removed June 3, 2025: partial lift of 2018 consent order, though remaining provisions still in place
- OCC formal agreement on anti-money laundering/sanctions risk management added September 2024, still active
- ~205,000 employees; $200M invested in learning and development programs during 2025
- Federal court stayed CFPB's Section 1033 personal financial data-sharing rule in October 2025, reducing near-term competitive pressure from third-party data access
Risk Factors
- Asset cap from Federal Reserve still in effect, restricting balance sheet growth despite total assets reaching $2.15T in 2025
- AI and fintech competitors leveraging automation to erode Wells Fargo's customer base, potentially forcing lower pricing or higher investment spend
- Key-person dependency risk across commercial banking, capital markets, and risk management; regulatory restrictions on compensation hamper talent retention vs. unrestricted competitors
- FASB/SEC accounting standard changes (including newly adopted ASU 2023-09 income tax disclosures) could require restatement and materially alter reported financials
- Union organizing activity increasing operational complexity and costs, with legal action and reputational risks if management response perceived negatively
Generated from the filing text; verify against the original. How to read a 10-K
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